did you mean to say state income tax instead of sales tax?
Posted By: FL and TX don't have state income on 2006-02-12
In Reply to: Taxes - Debbers
taxes for the people who live in those states. I believe all other states require income tax to be withheld for the state it is earned in IF the employer meets the qualifications of the employee's state of residence.
Another good reason to ask a tax specialist.
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But still, sales tax has not bearing on State tax or Income Tax. Big difference! nm
x
Umm, sales tax is different from income tax
sales tax is a tax added onto goods sold. Income tax, Social Security, Self-Employment tax is different from sales tax.
Unless something has changed, health insurance rates vary state by state, so we may not have the
info you need. I'm an IC so I don't have benefits.
charging sales tax
Does anyone know if you have to charge sales tax in Ohio to the physician offices or if you need a vendor's license to do transcription in Ohio? Can't seem to get a straight answer from any Ohio department.
My husband is in sales...sm
He is in sales, plus makes an hourly rate. He is considered full-time and the healthcare takes a chunk from his pay, but is well worth it for our family of four with two children under 12 years of age. I'm so glad he gets commission checks once a month. Before this though, I was the breadwinner working a full-time job plus 3-5 extras at home, he was taking care of the kids and working part-time. This arrangement we currently have works out great as I'm home all of the time, but sometimes I do get lonely. I love this message board!
Hmmm, I pay 6% sales tax here and
am wondering whether I will come out better taking say at least 15% each paycheck or being their employee. Questions, questions. My goodness!
Sales tactics
I think that *more benefits to come* is a downright sales tactic, not accurate or truthful, but not necessarily illegal, just immoral. My opinion is that there are few real benefits, if any. As a matter of fact, I hear that their newest plans include much more strict and frequent QA/QC evaluations, leading to the possibility of being deactivated; in other words, fired, if the highest level of perfection is not achieved and maintained daily. In my opinion, Focus is not a company that respects or values its MTs as anything other than commodities to be manipulated to its benefit. However, I am certain that Focus Infomatics is not the only MTSO in existence with these same standards of operation. It's all about what they can do, what the majority of their workers allow. Obviously, if zero MTs agreed to perform under such tactics, the company would not survive. Right?
My husband is in sales. He also
It's not just MT. He has to sell 30% more of the product and also his contribution towards health benefits went up $160.00 per month. We are a family of four. There is no forum for flooring retail that I know of, so we just grin and bear it. There is really nothing we can do. This economy is tough. But what I decided to do instead of worrying about the economy is just take a bit more work and work just a bit harder. I was just so elated that they did not lay him off. I guess I tend to look at things a little different. Yes, it is hard on him to convince people to buy when the economy is bad, but somehow, some way, since he's really great at what he does, he's been doing rather well regardless of the paycut and extra putting out. We've managed.
You are correct. The state that rules is the state the employee lives in.
My state laws has is spelled out in their Code. If another state does not withhold, they are fined heavily and if they don't withhold for years, their fines are pretty bad. I worked for a Florida co that did not withhold income tax for my state even after I brought it to their attention in the state code. They kept saying that they would eventually and never did. After two plus years and when I left, I made it known to my state all the conversations, the state refunded me all late fees they charged me and then said they were going after the company in Florida because they had many employees in our state. They deserved it. They knew better.
They must have an amazing sales team!
I wanted to hear their pitch on how it was better to outsource to India rather than use a U.S. company. The sales team knew very well that the MT quality was poor. In fact, U.S. editors would receive phone calls from some of the sales team and they would 'scold' the editors and put the pressure on us. They were eventually told not to do that as some editors were very uncomfortable receiving personal phone calls from the sales team. Not a fun working environment at all.
I found web address for that sales job
Here is the website for that On-Call place that is looking for a transcription service sales person. I only found it by googling the street address.
http://www.oncallmts.com/index.html
Sure is! But the other (sales) job might be a nice change for somebody. (nm)
(nm)
Obviously the head of Sales isn't familiar with MT QA, either. nm
x
Not what the sales guy for EMDAT told me.
He said mine wouldn't work. I also use mine for eScription stuff so I don't what to screw it up for that. I just ordered a USB one. Thanks though!
The state you live in or the state where the MTSO is located? nm
nm
Yep, 24 hrs for national, IC for 2 local clinics, also teach kickboxing and sales rep for a clothing
nm
If company is in state that has no state taxes
they are not required to take out state taxes. It's enough to keep up with your own state tax law code, could you imagine having to stay abreast of 49 other state tax codes? The cost would be huge and ultimately passed on to us by lower line rates. Regardless of who owes the tax, someone has to pay it. Just a matter of convenience I guess.
Not state by state, federal labor law - sm
and you don't have to be asked. If you work it, asked or not, they have to pay time and a half OT rate for hours worked over 40 in a week.
Taken right from U.S. Dept of Labor -
An employer who requires or PERMITS an employee to work overtime is generally required to pay the employee premium pay for such overtime work. Employees covered by the Fair Labor Standards Act (FLSA)MUST receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one-half times their regular rates of pay. The FLSA does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest.
Extra pay for working weekends or nights is a matter of agreement between the employer and the employee (or the employee's representative). The FLSA does not require extra pay for weekend or night work or double time pay.
Different state to state. You would be surprised to find
IC can be defined differently state to state. Even the IRS cannot come up with a definitive set of rules. You would be surprised how many ICs actually get unemployment in some states. If the unemployment claim form asks specifically if you are an independent contractor, do not lie, but if it does not, do not volunteer it. Let the company prove you are a true IC according to the rules of your state. All you lose is a few minutes filling out the claim form. I would only do it as a last resort. If you can find work fast, by all means go for it, but the way things are now with all the VR and off-shoring, it is a backup if you cannot find work. No one should go hungry because they are afraid to file for Unemployment as an IC.
No outside income
I do support myself and my child on my MT pay only. I work for a wonderful company, which I will not name because a lot of people on here always have bad comments to make about them, paid by the gross line and can do about 2600 lines in 6 hours. It is just a matter of finding the right company and, for me, having the right attitude. I know comments are going to be made that no one can produce that many lines in 6 hours but remember, they are gross so you have to take away 25-30% of the total line for cpl.
income
I have not made that little of money since the first year I got started doing MT. You consider that good money??? If I made anything close to under $30 an hour I would consider it a very bad production day... I am not trying to brag either. I am just amazed that in this day and age and for what we have to deal with day in and day out, that $24 is good money.
My income is way, way down
due to lack of work, and I see so many people in management resigning and I am worried.
MT IS THE ONLY JOB WHERE INCOME...SM
decreases on a yearly basis, as opposed to other industries where your salary is supposed to increase with each year of experience.
income the first year
So true. I have been saying that for the last two years! All we heard about in class is how much money we could make and how many jobs there were. They forgot to mention that those figures pertained to experienced transcriptionists. I just completed my first year working for a local practice and will probably make about $10,000 after countless hours in front of the computer. The truth is you go to school for a year or two, and when you get out, you will continue to be schooling for quite some time. It's several years of investment to actually start earning a real income. I am just ready now to feel confident about taking on additional work, and my goal is to double what I did this year by this time next year. More would be great, BUT I have learned to be realistic. I wish the schools would be honest about the investment involved. I like what I am doing, and I feel like I am at a crossroads where I am choosing to continue to go forward, but it's been hard to hang on financially to get to this point. I have other work that I do that I actually thought I would have been in a position to give up quickly after school. Students should be given a realistic picture of the time and investment involved, so they can make an educated decision about going forward with the course. But, I doubt that will happen. I think enrollment would drop substantially.
Six figure income??? sm
 Billers and Coders post says six figure income......yea, right!!! Same post several times.......looks suspicious to me. Maybe if you owned the company, you could get six figures....
60K middle income?
Heck, I work for a small community hosp as employee making $35K, which is middle income in rural WI.
Isn't there an income limit that you
can make and after that you have to pay in?
My gram worked after she started drawing, and I'm pretty sure there are income limits on this kind of thing.
Never mind. I see that they don't as Florida has no income tax. nm
s
Average annual income!
They all have lines and Keystrokes and little formulas but the average annual income tells it all.
Take out 25% of your gross income every week. sm
As an IC, your tax base is usually 25-30% of your gross income. That should cover all taxes, including state, Federal, and FICA.
Been an IC for 20 years now.
Do you have a second income or can you live on what you make?
I can't live on 2K a month. If that is what you are making, then it is not enough for most of us. Hope you are making more, though since it would give me hope.
You are 100% correct, my income is "extra"
therefore I am in a position that allowed me to decline a job that doesn't work out for me. That is not a slap in the face to you! I hope you were not accusing me of not caring for others because I declined a job. They can have it, I declined, remember? People are really getting off the point here.
Not correct. I have to report the income of my ICs to the IRS. I need either a SS# or a tax payer
ID#, the ICs choice, but that income has to be reported somehow. I am sure not going to claim it as my income.
I left Amphion for TT and doubled my income
Yes!!!!!!!!!!!!!!!
You file a Schedule SE on your profit income.
and you pay social security and medicare tax . While you have to pay the full amount on the social security tax and medicare you can deduct half that amount to your adjusted gross. I really need to find out more about this because if I have been paying too much on my social security tax I really want to know. Does anyone else know about this? Are there any IC contractors who are not paying social security tax or only paying 7% as you would as an employee and not an independent? Perhaps it has to do with how you set yourself up. Thanks for any info....
How is workload at Futurenet and income potential? sm
I will soon be starting with Futurenet and I wanted to hear from some of the current Futurenet MTs. Thanks for all the information. You may e-mail me privately if you wish.
Do you find that you are able to earn a good income with them?
Do you have ample work, or do you often have to resort to MT work to fill the time?
I wasn't bragging about a 2 income household
I was simply pointing out that the MT profession is not the only ones who are taking paycuts. Wow! It seems every post is picked apart here! 
They should take out state taxes for the state
nm
It varies from state to state
nm
Varies from state to state
My own state recognizes partial unemployment, too, when your work gets cut down to half of your regular workload/income.
I have to. Hubby is unemployed and it's our only income right now...can't survive on unemploym
x
60-thou a year is lower middle income if -
:(
I just filed 2007 taxes for gross income of $52,341.
NM
YOG before MQ -- lots of work and good income back then. nm
xxx
Another Crushed United States Income Source
x
Dont you just love how these offices screw around with your income. It is very annoying and I
sometimes wonder if they get the full implication of what they are doing to our paychecks because they are stupid enough to believe you can do all hospitals exactly the same which of course you cant.
It's not very good. I sold Avon for a year to supplement my MT income
and I didn't make squat. They are the worst. They shorted at least half my orders, you have to pay to ship back items that customers stiff you on. MT is better than selling Avon.
These people making combined income of over $100,0000 crack me up! sm
They act like it is petty cash. Then again, maybe it is to them, but I sure would like a chance to have that kind of money.
Just marry a guy who has a great income, that was my solution, who wants to work that hard!!
//
You have no idea what you are talking about. My income tax return says I am making a good living
:+
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